Luanda 1 takes the top spot as the most expensive city for expatriates across Africa and globally despite its currency weakening against the US dollar.
The top oil-producer is believed to have reclaimed top spot in the survey largely due to rebound in the global oil economy, a limited supply of luxurious housing and a high demand among expatriates. The third to fifth spots remained unchanged from last year with Zurich, Tokyo and Singapore sharing the slots.
Luanda, Angola 2. Hong Kong, China, 3. Tokyo, Japan 4. Zurich, Switzerland 5. Singapore, Singapore 6. Seoul, South Korea 7. Data points used to calculate the monthly average living costs in each city comprised of averages for monthly rent for a one-bedroom property close to the city, phone data plan, food and drink, and a monthly transportation pass.
This is not the first time that Luanda has emerged the most expensive city to live in. The Angolan city also ranked first in Mercer's annual Cost of Living Survey in and , before slipping down to second place in the same survey in Editions Quartz.
More from Quartz About Quartz. Follow Quartz. These are some of our most ambitious editorial projects. By Yomi Kazeem Africa reporter. Published August 9, This article is more than 2 years old.
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